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In October 2024, the Reserve Bank of India (RBI) made a significant move by adding 27 tonnes of gold to its reserves, bringing its total gold purchases for the year to 78 tonnes. This marks the highest level of purchases since 2009, when India acquired 200 tonnes from the International Monetary Fund (IMF). The RBI's total gold reserves now stand at 882 tonnes. In comparison, India had bought only 16 tonnes of gold in 2023.
The RBI's gold purchase comes amid global economic i
In October 2024, the Reserve Bank of India (RBI) made a significant move by adding 27 tonnes of gold to its reserves, bringing its total gold purchases for the year to 78 tonnes. This marks the highest level of purchases since 2009, when India acquired 200 tonnes from the International Monetary Fund (IMF). The RBI's total gold reserves now stand at 882 tonnes. In comparison, India had bought only 16 tonnes of gold in 2023.
The RBI's gold purchase comes amid global economic i
The Reserve Bank of India’s Monetary Policy Committee (MPC) is expected to maintain the status quo on the benchmark repo rate at 6.5% in its upcoming meeting from December 4 to 6. Despite India's GDP growth slowing to 5.4% in the July-September quarter, economists suggest that inflation concerns will likely take precedence, making a rate cut unlikely in December. Retail inflation rose to 6.2% in October, exceeding the RBI’s target range of 2-6%.
Though a repo rate cu
The Reserve Bank of India’s Monetary Policy Committee (MPC) is expected to maintain the status quo on the benchmark repo rate at 6.5% in its upcoming meeting from December 4 to 6. Despite India's GDP growth slowing to 5.4% in the July-September quarter, economists suggest that inflation concerns will likely take precedence, making a rate cut unlikely in December. Retail inflation rose to 6.2% in October, exceeding the RBI’s target range of 2-6%.
Though a repo rate cu
Traffic in parts of Delhi and Noida has been significantly affected as farmers march toward the Parliament complex on Monday to demand key changes in land acquisition policies. The farmers, representing at least 20 districts, will be gathering at 12 pm to press for five major demands related to land compensation, employment for landless farmers, and proper settlement of acquired areas.
Reports show long traffic queues at the Chilla border and Delhi-Noida direct flyover, with heavy s
Traffic in parts of Delhi and Noida has been significantly affected as farmers march toward the Parliament complex on Monday to demand key changes in land acquisition policies. The farmers, representing at least 20 districts, will be gathering at 12 pm to press for five major demands related to land compensation, employment for landless farmers, and proper settlement of acquired areas.
Reports show long traffic queues at the Chilla border and Delhi-Noida direct flyover, with heavy s
RBL Bank and Bajaj Finance Ltd. have mutually decided to stop issuing new co-branded credit cards following discussions that have taken place over the past month. While the change will not affect RBL Bank’s overall credit card business, it marks the end of a significant partnership that previously accounted for a large portion of RBL Bank’s card issuances. As of September 2023, Bajaj Finserv co-branded cards represented 41% of RBL Bank’s total credit card issuances.
RBL Bank and Bajaj Finance Ltd. have mutually decided to stop issuing new co-branded credit cards following discussions that have taken place over the past month. While the change will not affect RBL Bank’s overall credit card business, it marks the end of a significant partnership that previously accounted for a large portion of RBL Bank’s card issuances. As of September 2023, Bajaj Finserv co-branded cards represented 41% of RBL Bank’s total credit card issuances.
On Day 4 of the Parliament Winter Session, Priyanka Gandhi Vadra will take the oath as the Lok Sabha Member of Parliament from Wayanad at 11 am. She secured a victory in the bypolls with over 6.22 lakh votes, joining her mother, Sonia Gandhi, and brother, Rahul Gandhi, in the Parliament. This is Priyanka Gandhi's first entry into the Lok Sabha. Congress supporters at 10 Janpath celebrated the occasion, distributing sweets ahead of her oath-taking ceremony.
The session, which beg
On Day 4 of the Parliament Winter Session, Priyanka Gandhi Vadra will take the oath as the Lok Sabha Member of Parliament from Wayanad at 11 am. She secured a victory in the bypolls with over 6.22 lakh votes, joining her mother, Sonia Gandhi, and brother, Rahul Gandhi, in the Parliament. This is Priyanka Gandhi's first entry into the Lok Sabha. Congress supporters at 10 Janpath celebrated the occasion, distributing sweets ahead of her oath-taking ceremony.
The session, which beg
The Indian rupee opened flat at 84.24 against the US dollar on Thursday, following a slight dip of 11 paise to close at 84.45 on Wednesday. On Tuesday, it had closed at 84.34. The minor decline reflects the ongoing volatility in the foreign exchange market. The rupee had also opened weaker by 5 paise at 84.39 on Wednesday morning.
Analysts predict that the rupee's range for the day will likely stay between 84.30 and 84.50. Anil Kumar Bhansali, head of treasury and executive dire
The Indian rupee opened flat at 84.24 against the US dollar on Thursday, following a slight dip of 11 paise to close at 84.45 on Wednesday. On Tuesday, it had closed at 84.34. The minor decline reflects the ongoing volatility in the foreign exchange market. The rupee had also opened weaker by 5 paise at 84.39 on Wednesday morning.
Analysts predict that the rupee's range for the day will likely stay between 84.30 and 84.50. Anil Kumar Bhansali, head of treasury and executive dire
The Reserve Bank of India (RBI) has cancelled the registration certificates of two non-banking financial companies (NBFCs)—Ulhas Securities Pvt. and Sikar Investment Co.. The registration of Ulhas Securities, based in Gandhinagar, Gujarat, was granted in December 2003, while Sikar Investment, based in Bharatpur, Rajasthan, had been registered in March 1998.
The cancellation was carried out under Section 45-IA (6) of the Reserve Bank of India Act, 1934, which allows the RBI to
The Reserve Bank of India (RBI) has cancelled the registration certificates of two non-banking financial companies (NBFCs)—Ulhas Securities Pvt. and Sikar Investment Co.. The registration of Ulhas Securities, based in Gandhinagar, Gujarat, was granted in December 2003, while Sikar Investment, based in Bharatpur, Rajasthan, had been registered in March 1998.
The cancellation was carried out under Section 45-IA (6) of the Reserve Bank of India Act, 1934, which allows the RBI to
In just two days, equity investors faced a staggering loss of ₹13 lakh crore in market valuation as the BSE benchmark Sensex saw a sharp 2.27% drop. The benchmark index shed 1,805.2 points, with a 984.23-point decline on Wednesday, November 13, 2024, ending at 77,690.95.
Experts cited soaring retail inflation, which hit a 14-month high of 6.21% in October, persistent foreign fund outflows, and muted corporate earnings as the primary reasons behind the significant market correction
In just two days, equity investors faced a staggering loss of ₹13 lakh crore in market valuation as the BSE benchmark Sensex saw a sharp 2.27% drop. The benchmark index shed 1,805.2 points, with a 984.23-point decline on Wednesday, November 13, 2024, ending at 77,690.95.
Experts cited soaring retail inflation, which hit a 14-month high of 6.21% in October, persistent foreign fund outflows, and muted corporate earnings as the primary reasons behind the significant market correction
The Indian rupee opened at 84.39 against the US dollar on Wednesday, remaining near its all-time low of 84.4162. The Reserve Bank of India (RBI) is continuing its efforts to stabilize the currency, with analysts Amit Pabari and Anil Kumar Bhansali suggesting that the ce
The Indian rupee opened at 84.39 against the US dollar on Wednesday, remaining near its all-time low of 84.4162. The Reserve Bank of India (RBI) is continuing its efforts to stabilize the currency, with analysts Amit Pabari and Anil Kumar Bhansali suggesting that the ce
On Wednesday, the Indian stock markets showed a strong upward movement, with the Nifty 50 closing 1.12% higher at 24,484.05 and the BSE Sensex ending 1.13% up at 80,378.13. The rally was largely fueled by a significant surge in information technology (IT) stocks, including Infosys Ltd., Tata Consultancy Services Ltd. (TCS), and other major players in the sector. The rally was
On Wednesday, the Indian stock markets showed a strong upward movement, with the Nifty 50 closing 1.12% higher at 24,484.05 and the BSE Sensex ending 1.13% up at 80,378.13. The rally was largely fueled by a significant surge in information technology (IT) stocks, including Infosys Ltd., Tata Consultancy Services Ltd. (TCS), and other major players in the sector. The rally was
As Day 1 of the 3rd Test between India and New Zealand unfolds at Wankhede Stadium in Mumbai, the Indian team has made a strong start by bowling out New Zealand for 235 runs. Ravindra Jadeja was the standout performer for India, claiming his 14th five-wicket haul in Test cricket, showcasing his exceptional skill and resilience on the field. Washington Sundar also played a crucial role in the bowling attack, contributing with four wickets, further solidifying India's dominance in the match
As Day 1 of the 3rd Test between India and New Zealand unfolds at Wankhede Stadium in Mumbai, the Indian team has made a strong start by bowling out New Zealand for 235 runs. Ravindra Jadeja was the standout performer for India, claiming his 14th five-wicket haul in Test cricket, showcasing his exceptional skill and resilience on the field. Washington Sundar also played a crucial role in the bowling attack, contributing with four wickets, further solidifying India's dominance in the match
The Reserve Bank of India (RBI) has reported an increase in its gold reserves, which now stand at 854.73 metric tonnes as of September 2024, up from 822.10 metric tonnes in March 2024. According to the half-yearly report on the management of foreign exchange reserves released on Tuesday, this increase indicates a strategic shift by the central bank amid rising geopolitical tensions, persistent inflation, and a stable interest rate environment.
Out of the total gold reserves, 510.46
The Reserve Bank of India (RBI) has reported an increase in its gold reserves, which now stand at 854.73 metric tonnes as of September 2024, up from 822.10 metric tonnes in March 2024. According to the half-yearly report on the management of foreign exchange reserves released on Tuesday, this increase indicates a strategic shift by the central bank amid rising geopolitical tensions, persistent inflation, and a stable interest rate environment.
Out of the total gold reserves, 510.46
With just two days remaining before the IPL 2025 retention deadline, excitement is building around the Chennai Super Kings (CSK) and the pivotal decisions they will make. A key focus of speculation is whether MS Dhoni, the legendary captain, will return for another season. As an uncapped player since his international retirement over five years ago, Dhoni's status has generated heated discussions among fans and analysts alike.
A recent post by CSK on social media, featuring cryp
With just two days remaining before the IPL 2025 retention deadline, excitement is building around the Chennai Super Kings (CSK) and the pivotal decisions they will make. A key focus of speculation is whether MS Dhoni, the legendary captain, will return for another season. As an uncapped player since his international retirement over five years ago, Dhoni's status has generated heated discussions among fans and analysts alike.
A recent post by CSK on social media, featuring cryp
The Pakistan Cricket Board (PCB) has officially announced the appointment of Jason Gillespie as the interim white-ball coach for the national cricket team, taking over from Gary Kirsten, who recently resigned from the position. Gillespie, who has been serving as the head coach of the Test team, will lead the squad during the upcoming series against Australia and Zimbabwe.
Kirsten's resignation comes just six months into his tenure, sparked by growing tensions with the PCB regard
The Pakistan Cricket Board (PCB) has officially announced the appointment of Jason Gillespie as the interim white-ball coach for the national cricket team, taking over from Gary Kirsten, who recently resigned from the position. Gillespie, who has been serving as the head coach of the Test team, will lead the squad during the upcoming series against Australia and Zimbabwe.
Kirsten's resignation comes just six months into his tenure, sparked by growing tensions with the PCB regard
In the ongoing second Test against New Zealand at Pune, the Indian cricket team is grappling with a significant challenge as they attempt to salvage the match. After giving up a first-innings lead of over 100 runs, the Rohit Sharma-led side has struggled to make inroads into New Zealand's batting lineup. Washington Sundar's exceptional seven-wicket haul restricted New Zealand to 259 runs, but India's response was underwhelming as they only managed to score 156 in their first innin
In the ongoing second Test against New Zealand at Pune, the Indian cricket team is grappling with a significant challenge as they attempt to salvage the match. After giving up a first-innings lead of over 100 runs, the Rohit Sharma-led side has struggled to make inroads into New Zealand's batting lineup. Washington Sundar's exceptional seven-wicket haul restricted New Zealand to 259 runs, but India's response was underwhelming as they only managed to score 156 in their first innin
The Reserve Bank of India (RBI) has reduced its GDP growth forecast for India to 6.8% for the second quarter of fiscal 2024-25, a decrease of 20 basis points. In its October bulletin titled "State of the Economy," the RBI attributed this revision to a slackening momentum observed in some high-frequency indicators, which were partially impacted by unusual heavy rainfall in August and September.
This latest forecast is lower than the previous projection of 7% made by RBI Gov
The Reserve Bank of India (RBI) has reduced its GDP growth forecast for India to 6.8% for the second quarter of fiscal 2024-25, a decrease of 20 basis points. In its October bulletin titled "State of the Economy," the RBI attributed this revision to a slackening momentum observed in some high-frequency indicators, which were partially impacted by unusual heavy rainfall in August and September.
This latest forecast is lower than the previous projection of 7% made by RBI Gov
The Reserve Bank of India (RBI) has taken a significant step by barring four non-banking financial companies (NBFCs) from sanctioning and disbursing loans starting October 21. The companies affected include Asirvad Micro Finance, Navi Finserv, Arohan Financial Services, and DMI Finance. This action comes in light of serious supervisory concerns related to high lending rates and non-compliance with regulatory standards.
In a press release, the RBI emphasized its ongoing commitment to
The Reserve Bank of India (RBI) has taken a significant step by barring four non-banking financial companies (NBFCs) from sanctioning and disbursing loans starting October 21. The companies affected include Asirvad Micro Finance, Navi Finserv, Arohan Financial Services, and DMI Finance. This action comes in light of serious supervisory concerns related to high lending rates and non-compliance with regulatory standards.
In a press release, the RBI emphasized its ongoing commitment to
The Reserve Bank of India (RBI) is taking a cautious approach to inflation management following a slight rise in the latest inflation readings. During a policy address on Wednesday, RBI Governor Shaktikanta Das emphasized the need to keep inflation on a "tight leash" due to potential upside risks stemming from adverse weather conditions and ongoing geopolitical tensions.
In August, India's retail inflation, measured by the Consumer Price Index (CPI), edged up to 3.65%,
The Reserve Bank of India (RBI) is taking a cautious approach to inflation management following a slight rise in the latest inflation readings. During a policy address on Wednesday, RBI Governor Shaktikanta Das emphasized the need to keep inflation on a "tight leash" due to potential upside risks stemming from adverse weather conditions and ongoing geopolitical tensions.
In August, India's retail inflation, measured by the Consumer Price Index (CPI), edged up to 3.65%,
Spain will face Denmark and Serbia in the Nations League without key striker Nico Williams, who has been sidelined due to an injury sustained while with Athletic Bilbao. Williams reported to the national team's training camp at Las Rozas, near Madrid, but was released after discussions between the medical teams of his club and the national team, as confirmed by a statement from the Spanish football federation.
The absence of Williams is a significant blow for Spain, especially g
Spain will face Denmark and Serbia in the Nations League without key striker Nico Williams, who has been sidelined due to an injury sustained while with Athletic Bilbao. Williams reported to the national team's training camp at Las Rozas, near Madrid, but was released after discussions between the medical teams of his club and the national team, as confirmed by a statement from the Spanish football federation.
The absence of Williams is a significant blow for Spain, especially g
The Haryana election results are generating significant buzz nationwide, particularly with the notable victory of Olympian and former wrestler Vinesh Phogat in the Julana assembly segment. Running as a Congress candidate, Phogat triumphed over BJP's Captain Yogesh Bairagi, a former Army officer, and Kavita Dalal from the Aam Aadmi Party, also a wrestler, securing her win by a remarkable margin of over 6,000 votes.
Despite Phogat's standout performance, the broader picture in
The Haryana election results are generating significant buzz nationwide, particularly with the notable victory of Olympian and former wrestler Vinesh Phogat in the Julana assembly segment. Running as a Congress candidate, Phogat triumphed over BJP's Captain Yogesh Bairagi, a former Army officer, and Kavita Dalal from the Aam Aadmi Party, also a wrestler, securing her win by a remarkable margin of over 6,000 votes.
Despite Phogat's standout performance, the broader picture in
